Archives for October 2008

The vacancy rate has been seriously consistent - when analyzing the market, and controlling for so many inconsistencies in the data entry*, about 33% of residential homes on the market in the Charlottesville area have been listed as vacant in the Charlottesville MLS for nearly the past three years.
What does this mean?
CNBC noted last week that vacant homes are having a national impact on the market, but this post is about the local market -
Some of the consequences of vacant houses - Read More

And something many might not have even known about. I'm sure (and hopeful) that there will be homages to the Vinegar Hill Theatre in the coming days and weeks, but let me put forth my two cents - It. Was. Awesome.
Vinegar Hill had only one screen, and they did what they did well - and even had great Read More

Courtesy of C-Ville -
Savage emphasizes the project is still taking shape, but the basic concept is that CAAR would begin a Wikipedia entry with some information about a neighborhood and expect â€œhomeowner associations, people who live or used to live in the neighborhood, realtors, and other locals to contribute.â€ CAAR would pilot the idea initially with about 10 neighborhoods. â€œIf you were planning on buying a home in a neighborhood, you Read More

I take no happiness or satisfaction from being right.
Word came to me Friday morning that two branches of Real Estate III will be closing merging with other, existing locations. They are closing their office at Forest Lakes and consolidating into the 29 North branch and moving their corporate staff from Pepsi Place to their Rio Road location.
This isn't surprising news - they are the 800 pound gorilla in the Charlottesville market and had Read More

Ed. note: I'm pleased to have the following guest post by Karen Pape, a highly respected Charlottesville appraiser. Going with my belief that knowing whom to ask is one of my core competencies, I asked Karen to write a post on current appraisal issues. She will be writing another post soon that specifically addresses Charlottesville area appraisals. Thanks so much Karen.
In the last year, appraisals have been a central focus of both Congress and the FBI, as tales of appraisal coercion or Read More

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About Jim Duncan

I am a Realtor/Broker/Partner with Nest Realty in Charlottesville, Virginia. The goal of this site/blog remains unchanged in the nearly 10 years since its founding – to provide clear, coherent and unbiased analysis of the Charlottesville area real estate market.